Good geographic and loan portfolio diversification in Central America. Strong market position and franchise value in retail banking, particularly in credit cards. Good management team with a clear strategy. Doing business in small economies. Rapid growth of the loan portfolio and some devaluation risk in countries such as Costa Rica. Adequate capital ratio given the region's sovereign risks. Standard&Poor's Ratings Services' ratings on BAC International Bank Inc. (BIB) reflect its competitive position within Central America, its good profitability, conservative liquidity position, and capable management. The ratings on BIB are also based on our ratings on Credomatic International Corp. (CIC), its main subsidiary, which accounts for 87% of BIB's assets as of September 2010 and is strategically important to
